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News Breaks | | | | December 5, 2012 | | 12:12 EDT |  | CSX | Amtrak/CSX makes NY's high-speed rail system eligible for more funding
Governor Andrew M. Cuomo announced yesterday a long-term lease agreement between CSX Corporation and Amtrak, enabling Amtrak to take full control of the Hudson Line between Schenectady and Poughkeepsie. The contract, which took effect at 12:01 a.m. on Saturday, Dec. 1, ensures that passenger rail service has scheduling priority there and paves the way for four significant rail improvement projects totaling $181 million. The improvements will reduce congestion along the Empire Corridor from New York City to Niagara Falls and improve travel times and reliability for passengers and freight. Reference Link | |
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News For CSX From The Last 14 Days Check below for free stories on CSX the last two weeks. |
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| May 15, 2013 | | 07:33 EDT |  | CSX | National Association of Business Economics to hos a conference
 Subscribe for More Information | | | May 9, 2013 | | 11:03 EDT | | CSX | CSX CFO Fredrik Eliasson reaffirms 2013 view as a transitional year
On the company presentation, at the Well Fargo Industrial & Construction Conference, the CFO restated expectations of 2013 being another transition year, expecting full-year EPS to be flat to slightly down from 2012 as the railroad company continues to face headwinds in coal. The company sees earnings growth and operating ratio improvement in 2014 and 2015. Over those two years, CSX is targeting average annual earnings per share growth of 10% to 15% off the 2013 base. | |
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